Inner Ocean
EIN: 811960747 · Erie, CO · NTEE: E60
About Inner Ocean
Inner Ocean (EIN: 811960747) is a nonprofit organization based in Erie, CO, classified under NTEE code E60. The organization reported total revenue of $157K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inner Ocean's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Inner Ocean has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Inner Ocean with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Inner Ocean showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2023), Inner Ocean's revenue has grown by 89.4%, moving from $63K to $119K. Total assets increased by 80.6% over the same period, from $46K to $82K. Total functional expenses rose by 142.7%, from $37K to $91K. In its most recent filing year (2023), Inner Ocean reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $91K | $82K | $0 | — | — |
| 2022 | $67K | $66K | $54K | $0 | — | View 990 |
| 2019 | $31K | $18K | $59K | $0 | — | View 990 |
| 2018 | $63K | $37K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $91K, and assets of $82K (revenue +79.5% year-over-year).
- 2022: Revenue of $67K, expenses of $66K, and assets of $54K (revenue +111.5% year-over-year).
- 2019: Revenue of $31K, expenses of $18K, and assets of $59K (revenue -50.1% year-over-year).
- 2018: Revenue of $63K, expenses of $37K, and assets of $46K.
Data Sources and Methodology
This transparency report for Inner Ocean is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.